Goldman touts invisible victories over Wall Street rivals

If a trade falls in the forest but doesn't generate revenue, does it make a sound?

By

John Carney, The Wall Street Journal

June 2, 2014 3:59 p.m. GMT

If a trade falls in the forest but doesn't generate revenue, does it make a sound?

Goldman Sachs Group President Gary Cohn insisted at a conference last week that his firm was expanding market share in fixed-income, currency and commodities trading. This is even though, as a portion of the aggregate trading revenue reported by big banks, Goldman's revenue has barely budged. Judged by revenue, Citigroup has increased its market share...